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mcconnell, but nobody's like genuinely happy with it because we know we're just kind of kicking the can down the road for another two months. we're still going to have to deal with all the spending cuts that are the driver of the deficit and we'll have this fight again in february or march when we have to go to the debt limit, deal with sequestration and really look at what the president offers in terms of reforming entitlements. that's where we'll really have deficit savings. remember, we're in nickel right now because we're trying to deal with the deficit and long-term debt problems, not just fix a little area in the tax code. >> richard, would you agree that we're really just looking at the tip of the iceberg here? i mean, if we thought this was a difficult negotiation, you ain't seen nothing yet? >> yes, well, can we concede on the air that this whole fiscal cliff business was overhyped, that we knew that the world was going to look basically the same today and tomorrow and the next day, even if it didn't get done, as it did yesterday, but -- >> but do you think -- >> the debt c
mcconnell, but nobody's like genuinely happy with it because we know we're just kind of kicking the can down the road for another two months. we're still going to have to deal with all the spending cuts that are the driver of the deficit and we'll have this fight again in february or march when we have to go to the debt limit, deal with sequestration and really look at what the president offers in terms of reforming entitlements. that's where we'll really have deficit savings. remember, we're...
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let's start with mitch mcconnell's republican leader. he's got a race in two years. he can see a primary from the conservative side. certainly joe biden comes out 06 this looking great. he came in sort of his superman of the underdog flying in at the last minute to save the day. the president, a mixed bag although he really played his hand to the maximum. a lot of people looked at this and thought he learned his lessons from previous perusing budget battles, health care battles, stimulus battles and republicans in congress and really had them in a corner, had them boxed in really well. however, some of his supporters, you already hear them expressing a great deal of dismay.
let's start with mitch mcconnell's republican leader. he's got a race in two years. he can see a primary from the conservative side. certainly joe biden comes out 06 this looking great. he came in sort of his superman of the underdog flying in at the last minute to save the day. the president, a mixed bag although he really played his hand to the maximum. a lot of people looked at this and thought he learned his lessons from previous perusing budget battles, health care battles, stimulus...
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to make a counter offer, whatever the case may be, democrats run the place saying to mitch mcconnell, hey, if we jump off of this bridge, cliff, as it were, we're going to hold hands with you and not only bring along some republicans jumping off this cliff here but you have to make sure that john boehner comes along, too, and put something on the floor that's not going to get the majority of the majority republicans in the house of represent evs. that is the predicate, that is the condition in the senate. no one believes that john boehner will take that leap holding the hands of harry reid or mitch mcconnell, for that matter. the preponderance of opinion, the overwhelming belief and suspicion, however you want to phrase it, here in the capitol and downtown on k street is going over the cliff. only question now is how many days to extend past january 1st before they come back and do something about this, toure. >> yeah. well, mike just picking up on that point then, i guess that's the republicans all of their actions and pronouncements indicated that this, the timing and the sequence
to make a counter offer, whatever the case may be, democrats run the place saying to mitch mcconnell, hey, if we jump off of this bridge, cliff, as it were, we're going to hold hands with you and not only bring along some republicans jumping off this cliff here but you have to make sure that john boehner comes along, too, and put something on the floor that's not going to get the majority of the majority republicans in the house of represent evs. that is the predicate, that is the condition in...
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we talked briefly about this earlier, but mitch mcconnell has a senate election in 2014. and if there's been one thing that's been noted over the past year, it's these crazy senate challengers have the chance of knocking off a person in the primary. and i'm assuming that mitch mcconnell knows that. >> this is great. this is great. we love this. tension at the convention of both ends of pennsylvania avenue, the white house, congress. this is terrific stuff. kurt, stay with us, okay? can you. we're begging you, begging you. >> you're adding gravitas to this. >>> we'll also bring in nbc news political director, chuck todd, also nbc white house correspo corresponde correspondent. >>> first, dylan dreyer with the forecast. >> we are going to see a good amount of snow across northern new england today. another one to two feet of snow possible. because of that, we do have winter storm warnings once again in effect. and this storm is just continuing to wreak havoc on the airports. that's the problem with the holiday travelers all taking up the flights that were all canceled yeste
we talked briefly about this earlier, but mitch mcconnell has a senate election in 2014. and if there's been one thing that's been noted over the past year, it's these crazy senate challengers have the chance of knocking off a person in the primary. and i'm assuming that mitch mcconnell knows that. >> this is great. this is great. we love this. tension at the convention of both ends of pennsylvania avenue, the white house, congress. this is terrific stuff. kurt, stay with us, okay? can...
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we have a lot of speculation, negotiations between the vice president and mitch mcconnell. i want to see the package before i jump to a conclusion or make a judgment. i think it is only fair and it is fair to my constituents. conceptually both sides need to be willing to compromise. we've shown an ability on the democratic side to do so. the president has shown that ability. he was originally at $250,000 then offered $400,000. the house republicans said no to a million dollars, an increase in taxes for people earning over a million dollars. we need to come back to the middle and get this done. my constituents, people throughout america, want to get this done. there is a very strong appetite to doing that. >> i want to change topics and get your reaction to the hospitalization of secretary hillary clinton. she of course represented new york as senator before becoming secretary of state. are you hearing anything new about her health? >> i've not heard anything new about her health. we do know this. she is as tough as nails. she is strong. she is resilient. i know we wish her
we have a lot of speculation, negotiations between the vice president and mitch mcconnell. i want to see the package before i jump to a conclusion or make a judgment. i think it is only fair and it is fair to my constituents. conceptually both sides need to be willing to compromise. we've shown an ability on the democratic side to do so. the president has shown that ability. he was originally at $250,000 then offered $400,000. the house republicans said no to a million dollars, an increase in...
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mitch mcconnell was there. the senior staff are trying to figure out what palsy is acceptable. they are trading very detailed information, they are getting scores from the joint committee on taxation to figure out how much money the various proposals raise. you have the white house team and democratic team in reid's office. the republican team in mcconnell's office. they are gaming out what they want and throw in offers across the table. the good news is they are trading those offers. >> t.j., can i say a word in defense of asinine politicians? the asinine politicians are reflecting real divisions in the country, divisions of self-interest, divisions of philosophy. it's more difficult to do because of the structure of our system, the way the two parties developed. ultimately, they are talking act thing that is cost people money and things that would benefit others financially. those are difficult issues to settle. you know, our system was designed to make them difficult to settle, not as difficult as they are in this circumstance. that's the nature of democracy. people said it'
mitch mcconnell was there. the senior staff are trying to figure out what palsy is acceptable. they are trading very detailed information, they are getting scores from the joint committee on taxation to figure out how much money the various proposals raise. you have the white house team and democratic team in reid's office. the republican team in mcconnell's office. they are gaming out what they want and throw in offers across the table. the good news is they are trading those offers. >>...
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and then we saw mitch mcconnell coming up saying, yes, mr. president, you have been bashing us for weeks, let's vote on those tax rates. mitch mcconnell said let's do that and we'll leave the sequester aside. we'll let it kick into place. we'll tackle that whenever we get back here to washington after the inauguration and the state of the union and all that fun stuff. so that's where we stand right now. that does remain the last sticking point. >> luke, jump in here. what do you have to add that mike has already told us. >> well, mike viqueira is 12, 13 years of experience on capitol hill, so there's not much more to add after that. what i will say is i don't think that we can dismiss a lot of the anger on the republican side at the president's remarks today. i have gotten a ton of e-mails from republican aides saying the president is holding the middle class tax cuts that were agreed to hostage. i think if you take a step back, it's quite extraordinary that mitch mcconnell has agreed to $400,000 as a threshold. you think of all the partisan
and then we saw mitch mcconnell coming up saying, yes, mr. president, you have been bashing us for weeks, let's vote on those tax rates. mitch mcconnell said let's do that and we'll leave the sequester aside. we'll let it kick into place. we'll tackle that whenever we get back here to washington after the inauguration and the state of the union and all that fun stuff. so that's where we stand right now. that does remain the last sticking point. >> luke, jump in here. what do you have to...
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but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal gets done, it will be a much smaller deal than both sides thought they would be able to reach if you asked them a few months ago. the president has a full agenda in the coming year. he said that he wants to do something on immigration. he is indicating that he would like to do something with regard to gun control and there's been talk on energy legislation. but it looks like raising the debt ceiling is not part of the deal. that is four major political fights that the president has on his hands. what is going to get lost the longer this drags on? >> i think most of those things. look, if this drags on into the new year, this is going to be the focus up until the inauguration. and as you mentioned, not only the debt ceiling but also come march, you will have to figure out how to extend government spending for the rest of the fiscal year. and they don't, the government would
but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal gets done, it will be a much smaller deal than both sides thought they would be able to reach if you asked them a few months ago. the president has a full agenda in the coming year. he said that he wants to do something on immigration. he is indicating that he would like to do something with regard to gun control and there's...
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he has been since he got that call from mitch mcconnell. obviously, they have made some very good progress. but what's going on right now do you imagine? >> i imagine that they're trying to sell that very good progress to their caucuses. you know, democrats aren't necessarily going to broadly embrace the plan that i understand has come out of their negotiations. for example, it sets the tax threshold at $450,000 as opposed to the kind of $250,000 that i think a lot of democrats, although i heard steve israel earlier offer a different viewpoint, but i think most democrats walking around with that threshold -- >> senator tom harkin learned about it in "the washington post" and he was not happy about that today. >> so that's a good example of the type of call you're talking about. also, the estate tax kind of landed much more on the republican's side of the field than the dem's. >> let me ask you about that because i had chris van hollen on last night, and his view on that was that it was ridiculous, that the idea that people who had huge esta
he has been since he got that call from mitch mcconnell. obviously, they have made some very good progress. but what's going on right now do you imagine? >> i imagine that they're trying to sell that very good progress to their caucuses. you know, democrats aren't necessarily going to broadly embrace the plan that i understand has come out of their negotiations. for example, it sets the tax threshold at $450,000 as opposed to the kind of $250,000 that i think a lot of democrats, although...
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that's why speaker boehner and mitch mcconnell are cracking up with the clock ticking. joining me now is form er pennsylvania governor ed rendell. jerry bernstein, senior fellow at the center and jonathan, opinion writer for "the washington post" and an msnbc kriblt tor. contributor. thank you all for coming on the show. governor rendell, let me start with you. have you ever, ever seen anything like this? i mean, where is the leadership? >> yeah, this is amazing. if i were the president, i'd be tremendously frustrated. you have to have somebody to negotiate with. there's nobody across the table for the president to strike a deal with. and the president has been forthcoming. he's been expansive. he's already moved. he's moved from 250 to 400. he's made significant steps. he's laid out some of the entitlement forms that he's willing to accept. he's moved about as far as he can move because there's nobody coming back to limb saying we'll do this and we'll do that. it's really irresponsible. >> it's very irresponsible. jonathan, you look at the fact that they're not being h
that's why speaker boehner and mitch mcconnell are cracking up with the clock ticking. joining me now is form er pennsylvania governor ed rendell. jerry bernstein, senior fellow at the center and jonathan, opinion writer for "the washington post" and an msnbc kriblt tor. contributor. thank you all for coming on the show. governor rendell, let me start with you. have you ever, ever seen anything like this? i mean, where is the leadership? >> yeah, this is amazing. if i were the...
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. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that we have and the country that's waiting for us to make a de
. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be...
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john boehner -- >> but mitch mcconnell did reach ute to the president. do you see that as posturing, we're doing our best, or do you think the republicans are serious and feeling pressure about making a deal? >> i don't think they feel that much pressure. i think they feel -- they feel a little bit of pressure but feel more pressure from their base and from the right, and that is especially true in the house among the house caucus. the whole reason for that plan b fiasco, of course, that boehner pulled before christmas, was that his more conservative members wouldn't agree to any tax increase at all, even on incomes above $1 million a year. the pressure they feel is from the right, and believe me, you look down the list of the republicans in the house of representatives and try to look and see what percentage of the vote barack obama got in their districts. which is a good barometer of how much kind of pressure they might feel to moderate. barack obama got 38%, 42% in most of their districts. they don't care about what democrats in their districts think.
john boehner -- >> but mitch mcconnell did reach ute to the president. do you see that as posturing, we're doing our best, or do you think the republicans are serious and feeling pressure about making a deal? >> i don't think they feel that much pressure. i think they feel -- they feel a little bit of pressure but feel more pressure from their base and from the right, and that is especially true in the house among the house caucus. the whole reason for that plan b fiasco, of course,...
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minority leader mitch mcconnell called the vice president joe biden to get involved and help in the negotiations. lawmakers say they are hopeful they will get a deal today but even if they do the fight won't be over for long. republicans will push for those reforms they gave up this time around early next year during the debt limit debate. back to you. >>> for his part president obama has been trying to turn up the heat on congress applying new pressure on sunday in an interview with david gregory on "meet the press." nbc news white house correspondent has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up, and for the average family that could mean a loss of $2,000 in income and the who economy can slow down. >> reporter: he called an lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans a major sticking points for republicans. >> the way they are behaving is that their only priority is making sure that tax breaks for the wealthies
minority leader mitch mcconnell called the vice president joe biden to get involved and help in the negotiations. lawmakers say they are hopeful they will get a deal today but even if they do the fight won't be over for long. republicans will push for those reforms they gave up this time around early next year during the debt limit debate. back to you. >>> for his part president obama has been trying to turn up the heat on congress applying new pressure on sunday in an interview with...
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mitch mcconnell and harry reid have a pretty good personal relationship. they each will privately tell you that they're friends, they actually like each other, and they're both here in washington having some pretty serious discussions about what they can have that passes the senate. can that actually pass the house in time for the deadline is another question. you're going to have lawmakers coming back late sunday night. they have a lot of other things they actually have to tend to. so what ends up happening? is it very possible right now it seems the calculus for a lot of these members is to let the tax cuts expire and then come back and do some sort of patch. >> you think that's our best case scenario? do you agree with that, david, the scenario? we go off the cliff. someone suggested this morning we go off the cliff just a little bit. we don't bungy jump off the cliff. we fall a few feet. then they fix it after a few days and say we have put in tax cuts. is that the most likely scenario you see? >> there's a lot of people on both sides that have talked
mitch mcconnell and harry reid have a pretty good personal relationship. they each will privately tell you that they're friends, they actually like each other, and they're both here in washington having some pretty serious discussions about what they can have that passes the senate. can that actually pass the house in time for the deadline is another question. you're going to have lawmakers coming back late sunday night. they have a lot of other things they actually have to tend to. so what...
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mitch mcconnell and harry reid have to come to agreement. by tomorrow, possibly. have something they can vote on in the senate tomorrow night or possibly even monday. send it to the house of representatives where the president says the house speaker john boehner should put it on the floor, regardless if it gets the majority of the majority. that's the traditional way of doing things. the president said if any of the process fails, any of the steps along the way we outline, a senate agreement, vote in the senate, moving to the house, if it fails, the president wants a basic bill on the floor that sets those income levels at $250,000 above, to have everyone have their taxes rice rice. a lot of ifs and but, a flurry of last-minute activity, focused on the congressional leaders in the wes wing of the white house. >> like you said it will take a badda bing, badda boom to get this done. >>> joining me now is ed o'keefe and staff writer for "roll call," jonathan strong. thank you, both, for being here. i want to listen to more of what the president said on friday. i'll a
mitch mcconnell and harry reid have to come to agreement. by tomorrow, possibly. have something they can vote on in the senate tomorrow night or possibly even monday. send it to the house of representatives where the president says the house speaker john boehner should put it on the floor, regardless if it gets the majority of the majority. that's the traditional way of doing things. the president said if any of the process fails, any of the steps along the way we outline, a senate agreement,...
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harry reid and mitch mcconnell. that seems to be what's happening, although vice president biden has stepped in because reid can't hold his group together. >> republican congressman of georgia, jack kingston. thank you for your time. >> thanks, chris. >>> president obama will be making a statement on the fiscal cliff moments from now at 1:30 eastern time. stay with us for live coverage of that. next, an update on secretary of state hillary clinton's health scare. >>> minutes from now medicine prez obama will make a statement about the state of the fiscal cliff negotiations. stay with us for live coverage of it. >>> meantime, secretary of state hillary clinton is under observation at new york -- at a new york city hospital today. her spokesman says she was admitted sunday for a blood clot stemming from the concussion she sustained during a recent bout with the stomach flu. nbc's chief science and health correspondent bob bazell is at new york presbyterian hospital where secretary clinton is being treated. bob, i know
harry reid and mitch mcconnell. that seems to be what's happening, although vice president biden has stepped in because reid can't hold his group together. >> republican congressman of georgia, jack kingston. thank you for your time. >> thanks, chris. >>> president obama will be making a statement on the fiscal cliff moments from now at 1:30 eastern time. stay with us for live coverage of that. next, an update on secretary of state hillary clinton's health scare....
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the republican leadership, mitch mcconnell and john boehner and the whole rest of them made an unholy alliancalliance. they said instead of watching the tea party rise up and become a third force in american politics, which is what says, they said we're going to try to bind these two things together. we don't wants it to sflit apart the right. we try to pretend like we're one party. they're clearly not one party. john boehner may get re-elected as speaker, but he has no more authority to control the caucus to get them to stroet for his own budget proposals than he does today. the optics may change and we'll go over the cliff and taxes go up and they're presented with the ability to lower taxes and john boehner won't have any authority because he tries to run two parties and not one. until republicans deal with na and until the leadership says we made a mistake, these are a different group of people and have darch the agenda for us, they stop us taking national power. until that happens, we'll be in the mess for a another couple of years at least. >> i totally agree with that. i think
the republican leadership, mitch mcconnell and john boehner and the whole rest of them made an unholy alliancalliance. they said instead of watching the tea party rise up and become a third force in american politics, which is what says, they said we're going to try to bind these two things together. we don't wants it to sflit apart the right. we try to pretend like we're one party. they're clearly not one party. john boehner may get re-elected as speaker, but he has no more authority to...
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this leaves mitch mcconnell in a weird, grey area. he recognizes the gamesmanship and a need to get a deal done and he has a eye on the republican party's conservative base which is relentlessly opposed to any tax increase and senator mccobb nell is up for re-election in 2014 where tea party rebellion toppled his own protÉge and instead, send rand paul to the senate. i'll bring in nbc news capitol hill correspondent, kelly o'donnell. >>> waiting for action here today. >> reporter: it seems pretty quiet at the moment, steve. it's one of those things where you feel like something big is going to happen but as you walk through the corridors here, it seems pretty quiet at the moment. >> well, we have all sorts of conflicting reports out there about what the broad framework would be if there's going to be a deal. i guess the big stumble bling block is number one, what is the fresh hold be for the tax income? $250,000 which obama originally proposed? $400,000 which he supposedly offered in a revised offer a week ago? and then, of course, t
this leaves mitch mcconnell in a weird, grey area. he recognizes the gamesmanship and a need to get a deal done and he has a eye on the republican party's conservative base which is relentlessly opposed to any tax increase and senator mccobb nell is up for re-election in 2014 where tea party rebellion toppled his own protÉge and instead, send rand paul to the senate. i'll bring in nbc news capitol hill correspondent, kelly o'donnell. >>> waiting for action here today. >>...
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mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a grant, he could face a primary fight if this thing -- >> you touched on one of the great sub plots of these entire negotiations is personal things that boehner and mcconnell have in these negotiations. obviously, mcconnell doesn't want to have someone on the right come after him because he was in favor of a tax hike and john boehner's re-election as speaker of the house. and that would come across as a vote of no confidence. very embarrassing and they don't expect it happening and there's a lot at stake for mitch mcconnell and john boehner personally. great point you brought up. >> if t
mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a...
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when that fell apart, though, mitch mcconnell did step in. these are old-time senate folks who have been together, as you said, for a long time. i think they pride themselves as deal-makers in the end. i think they stepped in, biden was happy to do so. he likes to be involved. going forward, though, it is interesting because we're going to have another fight within a couple months on both the debt ceiling and the sequestration, the sequester cuts are going to come forward. they're going to have to figure out what to do, because it's only a delay. and so, you're going to have this happen again. so you might look to see what cue the white house sends by how involved vice president biden is going forward. >> well, steve, let's talk about that. the one big issue that was not dealt with are the spending cuts, simply put on hold for two months that, by the way, seems to be the timeline for the debt ceiling debate to heat up again. for all the things this bill deals with, how big a failure was it not to address the sequester? >> well, it clearly was
when that fell apart, though, mitch mcconnell did step in. these are old-time senate folks who have been together, as you said, for a long time. i think they pride themselves as deal-makers in the end. i think they stepped in, biden was happy to do so. he likes to be involved. going forward, though, it is interesting because we're going to have another fight within a couple months on both the debt ceiling and the sequestration, the sequester cuts are going to come forward. they're going to have...
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this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> well, actually it's not a blank check the president has been pushing. and this isn't a partisan statement. look at the numbers in terms of what the public thinks about what the president ran on, which is to raise taxes for people who make over $250,000 a year. 47% of the country basically agrees with that, which is what he said. only 13% raise taxes for everybody. they are the real conservatives and fiscally hawkish i would say. and 35% say no tax increase. so americans tend to agree with the president. when you go back to this campaign, there are very
this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just...
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Dec 29, 2012
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if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even the negotiations had really kicked off. then we're going to go over the cliff and the pressure will mount quickly to strike another deal. republicans are still going to want entitlement cuts sop the white house will insist that the next deal include a dollar in tax increases for every dollar in spending cuts. so in that next deal, image republicans want $800 billion in spending cuts, a number of they've kicked around before. democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll
if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even...
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mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty apparent that we are not going to do what we've been called to do. this is 112th congress. we have had two years to deal with quote the fiscal cliff. >> let's bring in our man at the white house, peter alexander standing by. pete, we just got word the president it appears is making some sort of smaller offer at this 3:00 m
mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control...
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Dec 26, 2012
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also mitch mcconnell doesn't want his fingerprints on this because he doesn't want to be primaried. so you have these sort of -- shall we say, the lack of courage or ziesh to move on this from mcconnell and boehner, it's directly tied to prospects to serve in current jobs. it's a fascinating subplot. >> i want to pick up on that on something jared was starting to say. some degree we're playing a bit of a game of semantics here. because there's some calculation that the republicans say we go over the cliff and then technically we can be seen as not voting to increase taxes, but we can be seen as voting for cutting taxes once the sort of -- we go over the cliff and we're on the other side of it. am i right about that? >> yeah. it's a very cynical ploy. the idea of the tax automatically reset for everybody. they can say i didn't vote for that. they all go up. and then they can vote to lower taxes for the $250,000 and below households. that's 98% of households. that's a -- that's something like a -- you know, a multi -- that's something like 400, $500 billion of tax cuts over ten years.
also mitch mcconnell doesn't want his fingerprints on this because he doesn't want to be primaried. so you have these sort of -- shall we say, the lack of courage or ziesh to move on this from mcconnell and boehner, it's directly tied to prospects to serve in current jobs. it's a fascinating subplot. >> i want to pick up on that on something jared was starting to say. some degree we're playing a bit of a game of semantics here. because there's some calculation that the republicans say we...
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i think we have some sound from mitch mcconnell talking about the next steps. let's see if we can run that out. >> we had a good meeting at the white house. we are engaged in discussions, if majority leader, myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. that i can make to my conference and the majority leader can make to his conference. >> i'm going to do everything that i can, i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with, this is going to be imperfect. and some people aren't going to like it. some people will like it less. but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. we're going to do the best we kp for the caucuses that we have and the country that's waiting for us to make a deposition exhibit. >> clarence, you've seen this movie before. it sounds like something is in the works here, huh? >> yeah, something is in the works at least on the sena
i think we have some sound from mitch mcconnell talking about the next steps. let's see if we can run that out. >> we had a good meeting at the white house. we are engaged in discussions, if majority leader, myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. that i can make to my conference and the majority leader can make to his conference. >> i'm going to do everything that i can, i'm confident senator mcconnell will do...
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mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000, president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiewealthi est americans. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop lawmakers might not go along. boehner sent house members home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today whether to follow the senate's lead and hike taxes on the wealthy. from capitol hill, steve handels
mcconnell to spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000, president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to...
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senate minority leader mitch mcconnell and vice president joe biden. reports say the two are making significant progress this morning. mcconnell reached out to the veep yesterday when talks with senator reid went into a tail spin. the biden offer has this in it
senate minority leader mitch mcconnell and vice president joe biden. reports say the two are making significant progress this morning. mcconnell reached out to the veep yesterday when talks with senator reid went into a tail spin. the biden offer has this in it
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we know mitch mcconnell is here. we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's st
we know mitch mcconnell is here. we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can...
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what is mitch mcconnell thinking in the senate? >> he is a fascinating part of this. first of all, he is probably going to vote against any deal that raises taxes. whether he actively whips against it or lets it go, there is a number of senate republicans who seem open to upper income tax increases. some of the new england moderates, scott brown and susan collins. it doesn't seem like it would be as challenging to get something out of the senate. he is not going to stick his neck out and get something to the senate floor to have the house blow it up. >> marty, we have heard voices saying the same thing. you have tom coal saying we should go long with the tax increases. >> even in the minority. the republicans were 20 votes short. we sometimes forget, that's significant. they were only 20 votes short. nancy pelosi and the democrats, the idea of getting all the democrats to sign and bring the bill to the floor. if you can get 15 it 20 republicans to also sign on, maybe the tom cole types, they say we are not going to get a better deal and we don't want the party to pay
what is mitch mcconnell thinking in the senate? >> he is a fascinating part of this. first of all, he is probably going to vote against any deal that raises taxes. whether he actively whips against it or lets it go, there is a number of senate republicans who seem open to upper income tax increases. some of the new england moderates, scott brown and susan collins. it doesn't seem like it would be as challenging to get something out of the senate. he is not going to stick his neck out and...
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senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay there for how long? >> well, of course, the white house not really giving us specifics about the president's travel plans at this point in time. the reality is i think the president is himself trying to figure out what he is going to do, but we do expect that he will cut his vacation short. you've heard the president himself during his press con
senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new...
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>> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrats need 60 votes and republican votes, mcconnell ends up filibustering and will there be senators who support the legislation and blocking the filibuster. a lot of gymsmanship and republicans when you lock at the situation in the house and the inability to pass along the other things, they are on the verge of taking a lot of blame if they filibuster the legislation and the house doesn't act on it. >> and only democratic support developing here. how much is he going to agree with the president when he has the election in 2014? some folks don't want to appear in any way too close to president obama right now. >> let's move on in terms of massachusetts. we got the information that ted kennedy jr. will not run. scott brow
>> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrats need 60 votes and republican votes, mcconnell ends up filibustering and will there be senators who support the legislation and blocking the filibuster. a lot of...
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why are you trying to make it more complicated than it is. >> is mitch mcconnell going to save the day? >> i don't know about that, but let me take issue. the republican conference in the house is very conservative. we are seeing a very conservative conference that may not coming to to vote on something, even if nancy pelosi can corral the democrats, they need to pick off republicans. we don't know if any of them would vote for something like this. john boehner is ready to strike a deal. i'm not sure many others are. in the senate we have seen a number of conservative republicans saying they would vote. >> 20 republican votes? >> at this point it's very hard to say. i think john boehner would probably be trying to go in that direction if he could. we haven't seen enough house republicans come out yet and say they would support tax increases. if you have tom coal who broke with his party leadership and the party ranks about three weeks ago or so. we haven't seen enough say they would. i don't know that that's the right deal for that to try to strike. >> one of the strategies that republ
why are you trying to make it more complicated than it is. >> is mitch mcconnell going to save the day? >> i don't know about that, but let me take issue. the republican conference in the house is very conservative. we are seeing a very conservative conference that may not coming to to vote on something, even if nancy pelosi can corral the democrats, they need to pick off republicans. we don't know if any of them would vote for something like this. john boehner is ready to strike a...
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. >> so we know now the ball is in the senate's court, emphasis is now on harry reid and mitch mcconnell. seems the house is not in session. johnny isakson, your colleague from georgia said congress should pass the $250,000 and below deal because that's what's going to happen afterwards. do you think that should happen? >> i do not. i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that. however, i talked to some of my democratic colleagues and they are saying maybe in the $400,000 or $500,000 category we could set a benchmark. i do think it is essential that we start talking about what amount can be passed on a bipartisan basis, because, you know, i'm one who believes you shouldn't tax anyone right now. i would have supported plan b. i think that we've got to come to some terms with the impact that this is going to have and remember the other parts of this, making the child tax credit permanent, the marriage penalty relief permanent. these are things that go with any kind of a threshold that we hopefully could agree on. >> but you wouldn't tak
. >> so we know now the ball is in the senate's court, emphasis is now on harry reid and mitch mcconnell. seems the house is not in session. johnny isakson, your colleague from georgia said congress should pass the $250,000 and below deal because that's what's going to happen afterwards. do you think that should happen? >> i do not. i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that. however, i talked to some of my democratic...
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mcconnell's office to see if vice president biden is swinging by today and one of the ways that the two sides may be having a form of a conversation today given the fact that we believe absent the calls, the president put out to the leaders, the house and the senate, that there's been no more conversations absent those between senior staff today. >> viqueira, a little birdie around the building said there's a pool that some people are in betting on when this thing will be wrapped up. and i heard you have january 10th. i would like to know your thoughts on why you picked january 10th. i would like to know what is the outlier date in this pool and if you have any intel on who else is in the pool. >> reporter: well, i mean, i'm sure i take no satisfaction in being right in this. there's a lot at stake here and certainly we look at gambling on legislation so there's money wagered. having said that, toure, i mean, you know, there's just too many ways to lose votes in this thing and not enough to gain votes in this thing and given the dynamic, the bedrock dynamic of the house of represent
mcconnell's office to see if vice president biden is swinging by today and one of the ways that the two sides may be having a form of a conversation today given the fact that we believe absent the calls, the president put out to the leaders, the house and the senate, that there's been no more conversations absent those between senior staff today. >> viqueira, a little birdie around the building said there's a pool that some people are in betting on when this thing will be wrapped up. and...
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are you listening, mitch mcconnell? >> briefly. i think 24 hours, 48 hours and there is a small deal. >> how many of you think that is the takeaway? >> yeah. >> nothing big. the idea of a grand bargain, we failed on the debt ceiling. >> that might happen a little later. >> i'm going snake formation like nfl draft famously football style. doug, shameless plug. >> yes! nfc east champions. 13 years i've been waiting to say this. >> the past is the past. kim? >> i want to say for your new baby. good for you. >> thank you. >> i want to plug tom cole. i think he has been smart on this. congressman tom cole. weeks and weeks ago he had this done and he needed, you know -- >> we may wind up basically where he -- >> and he is deeply conservative. it is not like he is a moderate member. he is a deeply conservative member. >> uplifting news, go skins. >> where is my foam finger? i have my own shameless plug. if you liked this hour of television and let's be honest, you probably did, i hope. i will be on for andrea mitchell at 1:00 p.m. that is
are you listening, mitch mcconnell? >> briefly. i think 24 hours, 48 hours and there is a small deal. >> how many of you think that is the takeaway? >> yeah. >> nothing big. the idea of a grand bargain, we failed on the debt ceiling. >> that might happen a little later. >> i'm going snake formation like nfl draft famously football style. doug, shameless plug. >> yes! nfc east champions. 13 years i've been waiting to say this. >> the past is the...
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mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum that the president wants to see done before we hit january 1st. i've got to tell you, though, getting back to the votes, the votes simply aren't there in the house of representatives for that. they're likely not even there in the senate, so we're back at square one, amazing as it is to say at this point, thomas. >> when we talk about what we know about the president, as we expect him to
mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to...
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senate majority leader harry reid, minority leader mitch mcconnell will try to hammer out a deal and by all accounts, it will be a smaller deal, thomas. >> nbc's kristen welker traveling with the president in hawaii. kristen, thanks so much. joining us to talk about the chances of reaching a deal, democratic congressman from minnesota, keith ellison. sir, it's good to have you here, and do you think, as you hear what kristen is reporting there, that it's -- that it's still optimism that this could get done by the end of the year, but slim. do you think that it could get done, and is it going to get gone because of the onus now being on the senate? >> i think that we will have a deal. of course, no one can guarantee that. the real question is will boehner put a deal on the floor that enough of us democrats can vote for? that's the real question. the fact is he can't even get enough republicans to vote for that tea party wish list he put on the floor last week. so what he needs to do is come to the other direction to pick up enough votes to get a deal. now, that's going to take some st
senate majority leader harry reid, minority leader mitch mcconnell will try to hammer out a deal and by all accounts, it will be a smaller deal, thomas. >> nbc's kristen welker traveling with the president in hawaii. kristen, thanks so much. joining us to talk about the chances of reaching a deal, democratic congressman from minnesota, keith ellison. sir, it's good to have you here, and do you think, as you hear what kristen is reporting there, that it's -- that it's still optimism that...
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meanwhile, mitch mcconnell says it's up to the president to act and to lead. i mean, basically, what we have is the president insisting on the package that he's insisted on all along. those making more than $250,000 to have the taxes raised, some january 1st. nonstarter. abundantly clear in the house of representatives. there's some question here and harry reid said he expects to go over the fiscal cliff. can there be a retroactive package passed to help stave off the dramatic series of tax hikes for all americans? >> the office of mcconnell releasing a statement acknowledging that conversation with the president last night. >> reporter: yeah. >> in that statement he wrote in part, quote, the leaders happy to review what the president has in mind but to date the senate democratic majority has not put forward a plan. how much pressure does that then put on speaker boener? >> reporter: speaker boehner said himself, you may have heard this, if -- every day would be christmas. there's ifs in there. hypotheticals, they could come up with something that's appetizing
meanwhile, mitch mcconnell says it's up to the president to act and to lead. i mean, basically, what we have is the president insisting on the package that he's insisted on all along. those making more than $250,000 to have the taxes raised, some january 1st. nonstarter. abundantly clear in the house of representatives. there's some question here and harry reid said he expects to go over the fiscal cliff. can there be a retroactive package passed to help stave off the dramatic series of tax...
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harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every vote here in the senate and mitch mcconnell says it's time for president obama to lead. the threshold question is, can something pass the house of representatives? can john boehner put something on the floor that needs the majority of democrat support that will not get republican support and none to speak of that would allow taxes to go up for people making more than $250,000 or 400,000 as was in the president's last offer and the answer to that question remains very, very unlikely. so we are where we are. this ain't schoolhouse rock, that's for sure. it's not like the house passes a bill, the senate passes a bill. this is a stand yau and the looks like the ultimate version of white house gridlock. >> right. and you mentioned the threshold. we have senator murkily on later today to talk about how crucial the filibuster is. i want to go right to steve kornaki here. we talk about the weather sometimes because it's more fun than p
harry reid is trying to jam mitch mcconnell into allowing this vote to go forward without the 60-vote threshold, something that's necessary for virtually every vote here in the senate and mitch mcconnell says it's time for president obama to lead. the threshold question is, can something pass the house of representatives? can john boehner put something on the floor that needs the majority of democrat support that will not get republican support and none to speak of that would allow taxes to go...
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mcconnell. she's a main power, a fund-raising machine and eighth-generation kentuckyian who could take on mcconnell in his own state. >> probably watching that state today. a business kentucky fan. >>> for all the 13 to watch, we're putting a link to the article on our website. log-on. that's there as well as a whole lot more. >>> thomas roberts is up next. thomas, good to see you, i see it's a gray suit day. >> i got the memo. >>> next hour getting your driving gear ready. the ping-pong game continuing. senate majority leader harry reid blasting house speak john boehner moments ago for being m.i.a. from the capitol. there's new word the president has called all forecongressional leaders, hose thousands phone calls went. me the reverend al sharpton is teaming up with the commissioner ray kelly to push for an assault weapons ban. this is the talk over arming teachers or at least armed guards in schools has picked up -- we're talking about one mayor e south pacific in 1943. i got mine in iraq, 200
mcconnell. she's a main power, a fund-raising machine and eighth-generation kentuckyian who could take on mcconnell in his own state. >> probably watching that state today. a business kentucky fan. >>> for all the 13 to watch, we're putting a link to the article on our website. log-on. that's there as well as a whole lot more. >>> thomas roberts is up next. thomas, good to see you, i see it's a gray suit day. >> i got the memo. >>> next hour getting your...
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on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's passed at 2:00 last night and so it comes to the house republicans who have met all morning. joe biden incidentally was back on the hill this morning meeting behind closed doors with democrats who are pretty much bystanders to a republican political train wreck at this point. nancy pelosi says the bill representing gigantic progress, that's fine, but this is really on republicans right now. and people are looking at it, i'm already hearing people looking at what house republicans are doing and saying, look, you abdicated your responsibility to write a bill. you punted over to the senate, and now you're going to throw a monkey wrench into this whole thing and make us come back perhaps in a new congress with a clean legislative slate. so it is a very dangerous not only economic situation here that we'
on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's passed at 2:00 last night and so it comes to the house republicans who have met all morning. joe biden incidentally was back on the hill this morning meeting behind closed doors with democrats who are pretty much bystanders to a republican political train...
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Jan 1, 2013
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i know mitch mcconnell very well, known him for a long time. i didn't think there was any way he would put his neck out for this deal unless he was absolutely confident that the republicans in the house would have ratified it. i think the fact that they're not indicates to me that this house republican conference is so ideologically driven that they would basically scorch the earth in defense of their own ideology, and the american people are the ones that are going to suffer, seniors, throughout the spectrum of the economy. businesses large and small if we let this thing go over the cliff and don't repair it very quickly. i think everybody on our side of the aisle is baffled that this deal which again passed 89-8 in the senate last night could not -- they couldn't even bring 40 or 50 republican votes to the floor of the house tonight because we would have passed it with those votes. >> there were some republicans that luke russert had heard from, one member. he said they were absolutely incredulous that some of the things that were being said
i know mitch mcconnell very well, known him for a long time. i didn't think there was any way he would put his neck out for this deal unless he was absolutely confident that the republicans in the house would have ratified it. i think the fact that they're not indicates to me that this house republican conference is so ideologically driven that they would basically scorch the earth in defense of their own ideology, and the american people are the ones that are going to suffer, seniors,...